Investment Report by Microequities
Mar 4, 2010
ASX RELEASE - Wednesday, 17 March 2010About Manaccom Manaccom began selling lotteries online in 2000 with state based charity lotteries in Queensland. In 2005 the Company acquired TMS Global Services Pty Ltd which gave the company access to the national lotteries via agreements with NSW Lotteries and Tattersals. 2009 was a breakthrough year following the signing of a 5 year exclusive agreement with NSW Lotteries in December 2008. The Company has developed the popular www.ozlotteries.com website from which is sells games such as OzLotto and Powerball. This website has been developed in a way that can akso be used by major lottery operators, such as NSW Lotteries, as their internet channel. In 2007, the company acquired a software distribution and publishing business that markets popular software titles such as McAfee through large retailers and independents resellers in Australia and New Zealand. Manaccom reported a string of record results in the 2009 financial year, including the following:
- Net Profit After Tax grew 78% to $3.0 million.
- Revenue grew 57% to $59 million
- Dividends grew 50% to 1.5c per share
- EBITDA grew 77% to $5.1 million